ITC Hotels Ltd
ITC Hotels is an Indian hospitality company that operates and manages hotels. It has over 100 hotels and is India's third largest hotel chain. It has a franchise agreement to operate most of its hotels as part of The Luxury Collection of Marriott International. It was a subsidiary of ITC Limited until its demerger in 2025.[1]ITC Hotels Limited, formerly a subsidiary of ITC Limited, is a leading Indian hospitality company known for its luxury accommodations and commitment to sustainable practices, operating over 140 hotels across 90+ destinations under brands like ITC Hotels, Mementos, Storii, Welcomhotel, Fortune, and WelcomHeritage.
- Market Cap ₹ 46,224 Cr.
- Current Price ₹ 222
- High / Low ₹ 262 / 155
- Stock P/E 62.7
- Book Value ₹ 53.0
- Dividend Yield 0.00 %
- ROCE 9.63 %
- ROE 6.66 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 4.19 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Leisure Services Hotels & Resorts
Part of Nifty 500 BSE MidCap Nifty Midcap 100 Nifty 200 BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 2,224 | 3,560 | 3,731 | |
| 1,454 | 2,305 | 2,448 | |
| Operating Profit | 771 | 1,255 | 1,283 |
| OPM % | 35% | 35% | 34% |
| 16 | 76 | 159 | |
| Interest | 20 | 44 | 7 |
| Depreciation | 201 | 402 | 410 |
| Profit before tax | 565 | 884 | 1,025 |
| Tax % | 25% | 28% | |
| 424 | 638 | 741 | |
| EPS in Rs | 3.05 | ||
| Dividend Payout % | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 60% |
| Compounded Profit Growth | |
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| TTM: | 50% |
| Stock Price CAGR | |
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| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 83 | 208 | 208 |
| Reserves | 8,415 | 10,484 | 10,831 |
| 74 | 73 | 80 | |
| 1,617 | 1,707 | 1,703 | |
| Total Liabilities | 10,188 | 12,472 | 12,822 |
| 6,436 | 8,189 | 8,127 | |
| CWIP | 1,768 | 158 | 183 |
| Investments | 204 | 676 | 1,047 |
| 1,780 | 3,449 | 3,466 | |
| Total Assets | 10,188 | 12,472 | 12,822 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 672 | 803 | |
| -753 | -2,206 | |
| 127 | 1,430 | |
| Net Cash Flow | 47 | 27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 24 | 21 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 24 | 21 |
| Working Capital Days | 48 | 48 |
| ROCE % | 10% |
Documents
Announcements
- Media Statement And Investor Presentation- Q2 FY26 2d
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Announcement under Regulation 30 (LODR)-Change in Management
2d - H1 (30 Sep 2025) consolidated revenue ₹1,655.02cr, PAT ₹267.00cr; 2% ESAR proposed; VP procurement elevated.
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Recommendation To Members For ESAR Scheme
2d - Board approved Q2/H1 unaudited results (H1 consolidated PAT ₹267.00 Cr), proposed 2% ESAR limit; promoted Sudhir Gupta.
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Board Meeting Outcome for Unaudited Financial Results
2d - Q2/H1 results to Sep 30, 2025; consolidated H1 PBT ₹377.49Cr; 2% ESAR limit; VP Procurement promoted.
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Unaudited Financial Results
2d - 24 Oct 2025: Approved Q2/H1 results (H1 PAT ₹301.36cr), ESAR limit 2%, Sudhir Gupta promoted.